Cement industry witnesses reduction in production

Cement production fell by 5.5 per cent during February 2021 compared with 5.8 per cent decline witnessed during January 2020 and a 7.8 per cent increase during February 2020. Cumulatively domestic cement production has fallen by 15.5 per cent during 11M-FY21 compared with the 13 per cent growth and 1.8 per cent growth achieved during 11M-FY19 and 11M-FY20. Capacity utilisation of domestic manufacturers has been around 52.4 per cent during 11M-FY21 as units have been operating at sub-par capacities along with staggered shifts but it has been improving from 45 per cent during H1-FY21, 49.5 per cent during 9MFY21 and 51.2 per cent during 10M-FY21.